Outside The Yellow: A Review of Leasing Activity Over the Last 12 Months
Data Sources and Methodology
- Downloaded all lease activity for the prior twelve months using DrillingInfo.
- Joined leases level data to sections for mapping purposes.
- Identied trends in company leasing activity.
- Based on the previous twelve month time period in the Permian Basin, there are ~150,000 more records in the database compared to the DI landtrac system and is about a month ahead on filings.
Highlights
- Continental Resources is expanding its New Mexico stealth play into the Northern Midland Basin.
- Beginning in the 2H of 2017, the company began acquiring leases in Andrews, Dawson and Gaines Counties.
- Continental recently permitted two horizontal wells in New Mexico.
- Devon Energy has filed multiple leases in Brewster County near Apache’s Alpine High play during 3Q’17.
- In 2017, the company drilled a single vertical wildcat on its acreage and there has been no activity since then.
- After selling out to Parsley, Double Eagle is back at it with leases filed in the Southern Delaware, Central Basin Platform and Midland Basin.
- A scatter shot of leases have been filed in the San Andreas play around Seminole and also in the Eastern Midland Basin in Scurry County.
- Use the map to filter by company and time period. The reset filter will add all polygons back on the map.